solve balance sheet correct entry and amount

The Intanglble assets and goodwill reported by Ivanhoe Corporation at December 31, 2020, follow: Copyrights (#1) $ 35,740 Less: Accumulated amortization 17,870 $ 17.870 Trademarks 50.390 Goodwill 119 060 $ 187 320 A copyright (#1) was acquired on January 1, 2019. and has a useful life of four years. The trademarks were acqulred on January 1, 2017. and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting Joumal entries annually: The following cash transactlons may have affected Intangible assets and goodwill during 2021: Pald $ 6.920 In legal costs to successfully defend the trademarks against Infringement by another company. 1 Developed a new product, Incurring $ 201,940 in research and $ 49.500 In development costs with probable future benefits. The product is expected to have a useful life of 18 years. pale $ 55.670 +0 a popular hockey player to appear in commercials advertising the company's products. The commercials willalrin early September. dt Aequired another copyright (32) for $ 159.000. The new copyright has a useful life of six years. med Determined the fair value of the goodwill to be $ 86 270. There was no Indlestion that the copyrights or trademarks vere med, Lasacilons. ustal debit entries before creditentries. Credit account titles are automatically indenbed when the amount is embered. Do not indent manually. If no entry is required, select "No Entry for the account titles and ember for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Jan. 5 Trademarks 6.920 Cash July 1 Research Expenses 201940 Cash (To record research expense) July 1 Development Costs 49500 DOO LO QUE Cash (To record development costs) 55670 Sept. 2 Advertising Expense Cash 159000 Copyrights Cash Le OUT Date Account Titles and Explanation Debit Credit Dec. 31 Amortization Expense 8935 Accumulated Amortization - Copyrights 8935 (To record amortization on copyrights acquired on January 1, 2019) Dec. 31 Amortization Expense 6625 6625 Accumulated Amortization - Copyrights NICO MAN (To record amortization on copyrights acquired on October 1, 2021) 1375 Dec. 31 Amortization Expense 1375 Accumulated Amortization - Development Costs (To record amortization expense on development cost) 32790 Impairment Loss 32790 Googui TVRINNVC LUNCURATIVIS Statement of Financial Position (Partial) December 31.2021 Assets tangible assets: Intangible Assets and Goodwill Copyrights $ Less Accumulated Amortization - Copyrights $ . Development Costs | Less Accumulated Amortization - Development Costs Indefinite-Life Intangible Assets Trademarks Total Intangible Assets toodwin